NY financial services regulator grants virtual currency license to SoFi Digital Assets

Digital Assets@

Dec 3 (Reuters) - The New York State Department of Financial Services (DFS) has granted virtual currency and money transmitter licenses to SoFi Digital Assets, Superintendent Linda Lacewell said on Tuesday.

The two licenses will allow SoFi Digital Assets, a subsidiary of Social Finance Inc, to offer its New York customers the ability to buy and sell virtual currency, Lacewell said in a statement.

"DFS is committed to fostering innovation in New York's vibrant virtual currency sector and ensuring its competitiveness as a market for new entrants," she added. (Reporting by C Nivedita in Bengaluru; Editing by Shailesh Kuber)